Markets set for a strong start on global support

The Indian markets may see a higher opening on the back of good global cues. SGX Nifty is also trading 40 points higher.

Indian Indices:

The key benchmark indices are likely to open higher tracking gains in Asia on encouraging comments from US Fed and China reforms. SGX Nifty is also trading 40 points higher.

On Thursday (November 14, 2013) Sensex closed at 20,399.42, up by 205.02 points, while the Nifty rose by 66.55 points to close at 6,056.15.

Global Market

Asian share markets crept cautiously higher on Monday (November 18, 2013), encouraged both by the prospect of extended stimulus in the United States and real economic reform in China.

US stocks rose on Friday (November 15, 2013) after weak US industrial production data preceded by dovish statements delivered by Federal Reserve Chair Nominee Janet Yellen to Congress on Thursday left many investors convinced stimulus tools will stay in place for the near future.

European shares rose back towards five-year highs on Friday (November 15, 2013), buoyed by media group Vivendi and prospects of a further dose of accommodative central bank policies that were tipped to keep the equity rally on track.